Prices, activity, and machinery exports: an analysis based on new price data

New data for the export prices of the United States, Germany, and Japan produced price elasticities for exports of machinery and transport equipment that were highest for the United States and lowest (well below 1) for Germany. The effects of price changes on exports lasted at least two years in all...

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Veröffentlicht in:The review of economics and statistics 1986-05, Vol.68 (2), p.248-255
Hauptverfasser: Bushe, D.M, Kravis, I.B, Lipsey, R.E
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creator Bushe, D.M
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description New data for the export prices of the United States, Germany, and Japan produced price elasticities for exports of machinery and transport equipment that were highest for the United States and lowest (well below 1) for Germany. The effects of price changes on exports lasted at least two years in all three countries and possibly four years in the United States. Only in Germany would most effects of price changes take place in the year of the change. U.S. export income in foreign currency would not exceed its pre-depreciation level until the third year after a depreciation.
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source Jstor Complete Legacy; Business Source Complete; Periodicals Index Online; JSTOR Mathematics & Statistics
subjects Balance of trade
Coefficients
demand elasticities
depreciation
disparity
Econometrics
Economic activity
Export price indices
Exports
Indexes
International trade
international trade models
Machinery industry
Market prices
Mathematical constants
Price changes
Price elasticity
Statistical analysis
Studies
World prices
title Prices, activity, and machinery exports: an analysis based on new price data
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